Buy-Side Technology/News
Abacus Adds Transparency into its Cloud
Buy-side focused Abacus Group has launched Abacus Client Portal, which is designed to give clients greater control of and transparency into their AbacusFLEX cloud services.
Rimes to Include Thomson Reuters' Indices in Rimes BDS
Rimes will add several equity and fixed income indices from Thomson Reuters on its Rimes Benchmark Data Service (Rimes BDS) in order to expand its database and meet the growing demands from the buy side for more data.
Bent Takes Over SS&C GlobeOp's Fund Administration Operations in Asia
SS&C Technologies Holdings announced Stewart Bent will lead SS&C GlobeOp's fund administration business in Asia as its managing director in the region.
DTCC and Euroclear to Create Collateral-Processing Joint Venture
The Depository Trust and Clearing Corp. (DTCC) and Euroclear have established a joint venture that will offer market participants access to the Margin Transit Utility (MTU) and Collateral Management Utility (CMU) services, in line with new collateral…
Nasdaq OMX Implements T+2 in Nordic and Baltic Markets
Nasdaq OMX is set to migrate to a shortened settlement period of T+2, where the settlement of securities transactions typically takes place two days after trades are executed, for securities traded on the Nasdaq OMX Copenhagen, Helsinki, Iceland,…
Pacific Life Insurance Taps Calypso for Collateral Optimization
Pacific Life Insurance Company, a life insurance company headquartered in Newport Beach, CA has selected Calypso Technology’s Calypso Collateral Management platform to automate and optimize its collateral allocation activities.
Soc Gen Unveils Buy-Side Outsourcing Service
Société Générale Securities Services (SGSS), a subsidiary of Paris-based multinational banking and financial services firm Société Générale, has launched an integrated wealth and investment management outsourcing service for the UK. Aimed at mid-tier…
Study Shows Asian Firms Are Not Ready for Move to T+2 For European Securities
A recent whitepaper published by Celent has revealed that 58 percent of Asian firms are not ready to comply with the shorten settlement cycle that will be implemented across Europe on 6 October.
Vista Equity Partners acquires Tibco for $24 per share
Tibco Software, an infrastructure and business intelligence software company, announced its board of directors has agreed to be acquired by Vista Equity Partners, a private equity firm, for $4.3 billion.
SmartStream Updates Exception Management Tool
SmartStream Technologies has released a new version of its TLM Exception Management solution to provide firms with a consolidated view of their resolution process via a single platform.
Bill Gross Departs Pimco, Joins Janus
The chief investment officer and co-founder of the Allianz-owned bond giant left today in a surprise move, and will join Denver-based asset manager Janus Capital.
Northern Trust Sets Up Delegated Reporting with Sapient
Northern Trust is now able to offer delegated reporting to its buy-side clients, after implementing the Compliance Management Reporting Service (CMRS) platform from Sapient Global Markets.
Northern Trust Appoints Deustche Bank, Euroclear Ahead of T2S Implementation
Northern Trust has selected Deutsche Bank and Euroclear to support its strategy ahead of the implementation of Target2-Securities, or T2S, the centralized securities settlement system aiming at harmonizing settlement infrastructure across Europe.
Broadridge Adds Confirmation Matching Capabilities to its PROactive Suite
Broadridge Financial Solutions has released an update of its reconciliation and process management suite, PROactive, to bolster operational efficiency and servicing between buy and sell firms by adding confirmation matching capabilities.
Groetch Lands Top US Role at Lombard Risk
Lombard Risk Management, the London-based provider of regulatory reporting, compliance and collateral management technology to the capital markets, has promoted John Groetch to MD for the Americas.
Updated Version of Linedata Global Hedge Released
Linedata announced an upgrade to its technology platform for hedge fund managers, Linedata Global Hedge.
iLevel Opens UK-Based Datacenter
The software provider to private capital markets has opened a new European datacenter at Rackspace's UK facility to support a growing client base and presence in the region.
Euroclear, Six Securities Partner on Enhanced Global Fund Servicing
Six Securities Services and Euroclear Bank have joined forces to offer Swiss asset managers with an end-to-end fund services platform.
Sparinvest picks SunGard
Denmark-based asset manager Sparinvest will use SunGard’s XSPrisa to automate its global corporate actions processing.
Dion Debuts AlphaClick
Dion Global Solutions has announced the launch of AlphaClick, a portfolio analytics tool aimed at venture capital and private equity firms.
RBS Adopts Single-Platform Transaction Messaging for Corporates
Royal Bank of Scotland will now support Swift's Corporate Access (SCA) members using the MT798 messaging standard for corporate-to-bank trade transactions.
PDQ Rolls Out New Auction Venue
Alternative trading system PDQ has unveiled Auction1, an electronic equity auction designed for larger orders with heightened sensitivity to market impact.
Brazil's Valemobi Taps Numerix for Pricing Analytics
The São Paulo-based brokerage will use Numerix's advanced analytical framework to produce pricing and portfolio analytics across multiple asset classes for its buy side-focused Valebroker platform.
Teknometry Names Howland as Director
Performance analysis vendor Teknometry has appointed Anthony Howland as a director.